If it makes sense for you, do it. The average bank balance is ~$10k, so a 100 bp gain is $100 dollars. A 100 bps gain would triple the current yield for online

If it makes sense for you, do it. The average bank balance is ~$10k, so a 100 bp gain is $100 dollars. A 100 bps gain would triple the current yield for online savings accounts. I’m skeptical that would be enough motivation. Most people just want to pay their bills on time. They’re not building optimal financial portfolios.